Kuwait-based Gulf Investment Corporation (GIC) will set up a 3.5 billion ringgit ($1.1 billion) Islamic fund-raising programme in Malaysia, a source said on Monday.
The programme will be established in January, after the corporation sold 1 billion ringgit of bonds in the Southeast Asian country in 2008, said the source who asked not to be identified as the plan had not been announced.
GIC had no immediate comment.
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